Akamai Technologies stock was down 1.8% in early trading on the stock market today after the company late Wednesday posted Q2 earnings that beat consensus estimates but forecast lower sequential profit margins this quarter as it ramps up investments. Shares in the Cambridge, Mass.-based Akamai Technologies (AKAM), the biggest provider of content delivery network (CDN) services to media and entertainment companies, had been down more than 4%
Akamai Technologies late Wednesday reported second-quarter results slightly above views and forecast current-quarter profit and sales growth above Wall Street estimates, but its stock fell. Shares in Cambridge, Mass.-based Akamai (AKAM), the biggest provider of content delivery network (CDN) services to media and entertainment companies, were down 6% in after-hours trading. Akamai’s stock had been up more than 28% in 2014 as of Wednesday’s market
Akamai Technologies (AKAM) is expected to get a boost from video streaming and social media related to the World Cup when the company posts Q2 earnings after the close Wednesday. But the company’s guidance will be key, while the potential loss of Apple as a major customer remains a long-term issue. Analysts expect Akamai, the biggest provider of content delivery network (CDN) services to media and entertainment companies, to report EPS growth of